Trading Tips on Indian Equity Market Services

The S&P BSE Sensex rallied as much as 601 points in trade on Thursday, after the Reserve Bank of India (RBI), in a surprise move reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points, from 8.0 percent to 7.75 percent, with immediate effect on Thursday. 

Tracking the momentum, the 50-share Nifty index also surged as much as 176 points to reclaim its crucial psychol0ogical level of 8450, supported by gains in rate sensitive sectors such as banks, realty, auto and capital goods stocks. 

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